Salt River Project (SRP) has entered into an agreement with NextEra Energy Resources to develop 3,000 megawatts (MW) of new solar generation by the end of 2034—or the equivalent of powering 595,000 homes in Arizona.
The agreement will help SRP meet its goal of more than doubling the capacity of its grid by 2035. The utility plans to add thousands of megawatts of solar, natural gas, and battery storage to ensure affordability and reliability remains a top priority.
NextEra Energy will add 500 MW of solar per year from 2029 through 2034, delivering low-cost energy to SRP customers and creating long-term community benefits across the state.
“We look forward to working with NextEra Energy Resources to add the magnitude of new solar energy we need at the pace required to meet the increasing energy demand of our customers,” said Bobby Olsen, SRP Associate General Manager and Chief Power System Executive, in a statement. “This approach will allow us to collaborate early in the project development process to minimize project risk and ensure the best outcomes for our customers and the communities where we operate.”
NextEra Energy was selected through an SRP Request for Proposals in 2024. To date, the company has developed more than 1,000 MW of resources through five projects in SRP’s service area, including Sonoran Solar Energy Center, Storey Energy Center, Saint Solar Energy Center, Pinal Central Energy Center, and Babbitt Ranch Energy Center.
Currently, SRP serves its customers with more than 3,000 MW of carbon-free resources, including more than 1,500 MW of solar and 1,570 MW of battery storage.
Brian Bolster, NextEra Energy Resources President and CEO, added, “We are excited to continue building on our long-standing relationship with SRP and to continue to invest in Arizona to help power the state’s growth with low-cost solar power.”
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